Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
I can hear barryw saying its the law its fine
but in todays climate are we really all in it together??
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
I am with barry on this one,one has to earn a crust to feed family.
and besides that,there is only 1 race in the uk per year,the other 19 or so are staged around the world.
the main teams are based in the uk for research and development only.
mercades are german based,ferrari are Italian so both are not subject to british tax.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Wonga to be illuminated ................do dreams come true ? ....they make big donations to the Tory Party
close friend of Flashman.............they look after their own....,there all in it together and could not give a
bugger about the rest....... Bullingdon rules....
Courtesy Independent.............
War on Wonga: We're putting you out of business, Archbishop of Canterbury Justin Welby tells payday
loans company
The Most Rev Justin Welby has told Errol Damelin, the founder and chief executive of Wonga,
about his ambition to make the controversial lenders redundant - by helping the 500 financial
co-operatives, which already provide small loans to their members, play a much bigger role in
helping people with money problems.
The Church of England has already set up a credit union for its own staff, which will advise the
other co-ops on how to expand their reach.
Officials believe the problem is not the number of unions but ensuring greater access to them.
The Church will allow them to use its buildings and schools and encourage Church members
with the right expertise to volunteer with them.
The Archbishop, a former oil industry executive and a member of the Parliamentary Commission
on Banking Standards, has pointed out that the Church has 16,000 branches in 9,000
communities - more than the banks. In an interview with Total Politics magazine, he said:
"I've met the head of Wonga and we had a very good conversation and I said to him quite bluntly
'we're not in the business of trying to legislate you out of existence, we're trying to compete you
out of existence.' He's a businessman, he took that well.".....more power to your elbow....
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
"Letters
Putting a cap on top bankers' pay
As bankers' pay, plus bonuses, plus long-term incentive schemes, plus share options, plus pension pots begin to head north again and City bonuses rise above £4bn, the European Banking Authority publishes some dramatic figures (Report, 16 July). They show that there were 2,436 bankers in the UK paid more than €1m (£833,000) in 2011. That is 77% of all the bankers paid above this level in the nine biggest EU states. In Germany there were only 170, in France 162, Spain 125 and Italy 96. The City is twice as large relative to size of economy compared with the other big EU countries, but why are there 14 times more euro millionaire bankers in the UK than Germany, and 15 times more than in France? And are banker euro millionaires justified at all when out of greed and recklessness they nearly crashed both the national and global economy?
So will the government rein them in? It seems unlikely when this government is far more concerned whether the unemployed deserve their £71 a week "handout" than whether City bankers get a minimum of £16,025 a week - let alone when the Tories get half their donated income from banks and hedge funds. However, the EU commission has heroically, and rightly, decided that top staff at banks receiving new state aid should have their total pay, including bonuses and share awards, capped at 15 times the national average salary, or 10 times the average bank employee's salary. These new rules come into force next month. This means, since the UK national average salary is currently calculated at £26,500, that the pay of top executives at failing banks will be £397,500. So if that is right for top executives in failing banks, why not for those in other banks as well?
Michael Meacher MP
Labour, Oldham West and Royton"
http://www.guardian.co.uk/business/2013/jul/24/cap-top-bankers-payIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
http://www.guardian.co.uk/uk/2001/jan/20/politics.labour
Michael Meacher knows a bit about elite greedy pigs.
And still the triballists fall for it all
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
The modern snipers of today
no longer use cross-hairs
they now have heads-up display
and target the messengers
Its funny, that on the one hand we are led to believe that bankers' bonuses and next-to-no taxation for the wealthy is the way to go, for such as those in receipt of this public generosity are bound to shower all with way-more-than crumbs from their high table, and yet, should anybody who can be shown to have a bob or two profess a willingness to draw a line, or dare to suggest a levelling, between moderate and excessive personal enrichment, all of a sudden its OK to play the man rather than play the ball.
[A Forum favourite phrase...]
Motes and beams.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
You carry on defending Meacher I'll carry on exposing the hypocrisy.
He has a problem with people feathering their own nest unless its his own.
The very definition of socialism.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Where do I defend Meacher? It could only ever be AFTER some spurious attack.
Me? I'm way more MESSAGE than messenger. Its not for me to carp about where good ideas come from...I leave that to snipers like your good self David.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 714- Registered: 14 Apr 2011
- Posts: 2,594
I'm not offended by being accused of sniping at politicians Tom, unlike you I don't wear red tinted glasses.
Imagine if Meacher was a tory, you, Reg and others would be wetting your y-fronts with excitement.
You carry on with your "do as I say not as I do" approach, I'll carry on sniping.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
Yea, that's it David, its all my fault:paint me how you like.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,888
mr latchford (ukip_)
went along with increase#
public pressure and he changed his mind
he still voted for and supports the allowance increase
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Barclays share plunge as it is forced to seek £5.8 billion
Shares in Barclays fell sharply today as the bank said it would raise £5.8 billion from
shareholders to shore up its finances. The bank revealed that its finances were in a worse
state than thought and that it would have been forced to make deep cuts to its business
without a massive capital strengthening. Its shares fell 5.4 per cent, or 16.5p, to 292.5p in
morning trading in London. Barclays is offering one new share for every four held at a deeply
discounted 185p each - a 40 per cent discount to last night's 309p closing price. It reported
today that its crucial leverage ratio — a measure of its capital as a proportion of its total assets
— was just 2.2 per cent. This is far lower than the 2.5 per cent previously thought and sharply
below the 3 per cent minimum required by June 2014...
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
JP Morgan to pay $410m in penalties for manipulating electricity prices
Regulators said the bank used improper strategies to squeeze payments from agencies which run midwestern power grids
"...The Federal Energy Regulatory Commission said the bank used improper bidding strategies to squeeze excessive payments from the agencies that run the power grids in California and the Midwest.
The agency said JP Morgan has agreed to the penalty, although the company disputes the violations. The penalty includes $285m for the federal government, and $125m for ratepayers.
The agency recently levied a $453m penalty on Barclays, Britain's second-largest bank, for manipulating electricity prices in California and other western states. Barclays is disputing the allegations.
FERC's enforcement staff said its investigation had found improper trading practices were used at the company's Houston-based subsidiary, JPMorgan Ventures Energy Corp..."
http://www.theguardian.com/business/2013/jul/30/jpmorgan-ferc-penalty-energy-prices Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#3183...
OFT forces payday lenders out of market
Following a demand for firms to improve their practices, the OFT says 14 have chosen to stop offering payday loans
http://www.theguardian.com/money/2013/jul/30/oft-forces-payday-lenders-outIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
P.S.
"
Martin Lewis: 'Dear Archbishop...why I disagree with you over Wonga'
Comment: Martin Lewis, founder of moneysavingexpert, opposes Archbishop Justin Welby and outlines the exact changes that he'd like to see made...
...Wonga and other 6,000pc APR loans are the crack-cocaine of the money-lending world - recent studies even suggest some people are now payday loan addicts.
Lenders use instant apps and fast clicks to target the impulses of the "must have it now" generation. Loans are processed at lightning speed, quick enough for some to apply and receive while drunk...
...
How to fix Britain's payday loan problem
- Ban advertisements for these loans on children's television. This is an attempt to target hard-pressed families - even though lenders claim they are not their target market.
- Restrict the nature of the adverts. Payday loan advertising is pervasive. They make it look like this is a fun, little transaction rather than a hardcore form of debt. The ads should have much more prescriptive content rules about how they're presented.
- A total cost cap should be introduced. Capping APR rates is meaningless for short-term lending. Yet capping the total cost of borrowing would have a big impact. For example - if you borrow £100 (including all charges and fees), you should never have to repay more than £150, including the original cash lent. This would restrict the incentive of firms to roll over the debt - because their ability to keep compounding charges on top of charges would be kiboshed.
- There should be a delay between applying for a loan and receiving the cash. These loans sell themselves on convenience, but they are too easy. In some cases, the money can appear in bank accounts within 15 minutes. While there's a 14-day cooling-off period, as for any credit agreement, it's relatively meaningless as you have to repay the capital plus interest/fees for that period (so at these rates it'd still be expensive). Therefore a one-day delay before receipt of the cash, at least giving people a chance to reconsider before there are any charges (especially those who apply when intoxicated), would be useful.
- Mandatory affordability and credit checks. Many payday loan providers already do credit checks. But some advertise their loans predicated on the fact that they do not credit check you. It should be mandatory for all payday loan lenders."
http://www.telegraph.co.uk/finance/personalfinance/borrowing/10209475/Martin-Lewis-Dear-Archbishop...why-I-disagree-with-you-over-Wonga.htmlIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Power to your pen Tom......Wonga and their like make obscene profit from the
desperation of many people.........a product of the unacceptable face of greed......
Brian Dixon- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
what about picking on the other pay day lenders as well as Wonga.there is more than one you know.
and no I haven't got shares in Wonga either,before you ask.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
A Credit Union was started in Dover some time ago, but didn't take off and I believe the nearest one is now Canterbury. We should be promoting these instead of Wonga etc.
The interest rate at C/U is around 2% per month, so although not everso cheap, they are when compared to the pay-day loan sharks/companies.
Credit Unions need people/bodies/councils to put money into them (I'm not sure what interest they get), they should certainly be supported more.
Roger
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
# 3198....must read detail before blast off.....# 3197....******Wonga and their like******
# 3199....totally agree....